Lay Hong Berhad Balance Sheet Health
Financial Health criteria checks 6/6
Lay Hong Berhad has a total shareholder equity of MYR585.3M and total debt of MYR202.7M, which brings its debt-to-equity ratio to 34.6%. Its total assets and total liabilities are MYR1.1B and MYR484.5M respectively. Lay Hong Berhad's EBIT is MYR142.5M making its interest coverage ratio 11.7. It has cash and short-term investments of MYR74.0M.
Key information
34.6%
Debt to equity ratio
RM 202.72m
Debt
| Interest coverage ratio | 11.7x |
| Cash | RM 73.99m |
| Equity | RM 585.35m |
| Total liabilities | RM 484.47m |
| Total assets | RM 1.07b |
Recent financial health updates
These 4 Measures Indicate That Lay Hong Berhad (KLSE:LAYHONG) Is Using Debt Reasonably Well
Sep 19
Is Lay Hong Berhad (KLSE:LAYHONG) A Risky Investment?
Nov 22Lay Hong Berhad (KLSE:LAYHONG) Has A Somewhat Strained Balance Sheet
Jun 01Lay Hong Berhad (KLSE:LAYHONG) Seems To Be Using A Lot Of Debt
Jun 02Lay Hong Berhad (KLSE:LAYHONG) Use Of Debt Could Be Considered Risky
Nov 02Lay Hong Berhad (KLSE:LAYHONG) Use Of Debt Could Be Considered Risky
Mar 22Recent updates
These 4 Measures Indicate That Lay Hong Berhad (KLSE:LAYHONG) Is Using Debt Reasonably Well
Sep 19With EPS Growth And More, Lay Hong Berhad (KLSE:LAYHONG) Makes An Interesting Case
Apr 01Is Lay Hong Berhad (KLSE:LAYHONG) A Risky Investment?
Nov 22Lay Hong Berhad (KLSE:LAYHONG) Has A Somewhat Strained Balance Sheet
Jun 01Estimating The Intrinsic Value Of Lay Hong Berhad (KLSE:LAYHONG)
Nov 30Lay Hong Berhad's (KLSE:LAYHONG) Promising Earnings May Rest On Soft Foundations
Sep 05Lay Hong Berhad (KLSE:LAYHONG) Seems To Be Using A Lot Of Debt
Jun 02Lay Hong Berhad (KLSE:LAYHONG) Use Of Debt Could Be Considered Risky
Nov 02Capital Allocation Trends At Lay Hong Berhad (KLSE:LAYHONG) Aren't Ideal
May 31Lay Hong Berhad (KLSE:LAYHONG) Use Of Debt Could Be Considered Risky
Mar 22Our Take On The Returns On Capital At Lay Hong Berhad (KLSE:LAYHONG)
Feb 24A Look At Lay Hong Berhad's (KLSE:LAYHONG) Share Price Returns
Jan 20Lay Hong Berhad (KLSE:LAYHONG) Has No Shortage Of Debt
Dec 16
Financial Position Analysis
Short Term Liabilities: LAYHONG's short term assets (MYR429.6M) exceed its short term liabilities (MYR315.5M).
Long Term Liabilities: LAYHONG's short term assets (MYR429.6M) exceed its long term liabilities (MYR169.0M).
Debt to Equity History and Analysis
Debt Level: LAYHONG's net debt to equity ratio (22%) is considered satisfactory.
Reducing Debt: LAYHONG's debt to equity ratio has reduced from 68.6% to 34.6% over the past 5 years.
Debt Coverage: LAYHONG's debt is well covered by operating cash flow (70.3%).
Interest Coverage: LAYHONG's interest payments on its debt are well covered by EBIT (11.7x coverage).